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also remember the exit polling from the elections that shows people are fine with taxes going up on the top 2%. this is part of why the deal from john boehner was a non starter. he said how about deduction caps so you have lots of taxes. is he in trouble with his right wing? >> yes, he is. they have purged the scam. you said it. spending cuts. they are talking about $350 billion. what matters here is the numbers. we can't afford this. we have $16 trillion in debt. we have $87 trillion in unfunded highbilities those are promises that are made that we have to keep. >> guys, this is part of what is interesting about this conversation. when you hear the speaker talking about the loop holes that is the same rhetoric that we heard from mit romney. >> they are using the stuff that is done in the budget control last year. >> those are terrible talking points. >> let me say this point. >> hang on a second. i want to go to guy benson on another point. there is a lot of talk that the republicans might have a doom's day scenario. if there is a budget stalemate, then the republicans will allow a vot
also remember the exit polling from the elections that shows people are fine with taxes going up on the top 2%. this is part of why the deal from john boehner was a non starter. he said how about deduction caps so you have lots of taxes. is he in trouble with his right wing? >> yes, he is. they have purged the scam. you said it. spending cuts. they are talking about $350 billion. what matters here is the numbers. we can't afford this. we have $16 trillion in debt. we have $87 trillion in...
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Dec 3, 2012
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the speaker characterizing this as a status quo election. that's not the way the white house sees it. the white house sees it as an election they won and they picked up seats in the congress. the speaker here reminding the president, hey, you know what, we control the house of representatives. he goes on to characterize the president's proffer from last week. boehner saying, we cannot in good conscience agree to this approach which is neither balanced nor realistic. they talk about possibly raising some entitlement reform proposals with the president. but then the speaker and his co-signers here have this sentence, mindful of the status quo election and questions on entitlement reform we recognize it would be counterproductive to privately or publicly propose entitlement reforms you or the leader of your party are unwilling to changed in near term. boehner is laying out a revision going back to the simpson/bowles plan in some way, shape or form and that's the gist of this offer from the speaker to the president. we're diving into it in real
the speaker characterizing this as a status quo election. that's not the way the white house sees it. the white house sees it as an election they won and they picked up seats in the congress. the speaker here reminding the president, hey, you know what, we control the house of representatives. he goes on to characterize the president's proffer from last week. boehner saying, we cannot in good conscience agree to this approach which is neither balanced nor realistic. they talk about possibly...
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Dec 3, 2012
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before we got really wrapped up in the election we were wringing our hands on how the earnings season was not coming out very well. i think when we start paying attention to earnings again it will be a problem. >> coming up next is dell really a buy? our traders will make the call on whether this beaten down tech stock is back from the brink. it could be called the ultimate fiscal cliff trade. find out which investment americans are pouring into. much more straight ahead. if you think running a restaurant is hard, try running four. fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my ca
before we got really wrapped up in the election we were wringing our hands on how the earnings season was not coming out very well. i think when we start paying attention to earnings again it will be a problem. >> coming up next is dell really a buy? our traders will make the call on whether this beaten down tech stock is back from the brink. it could be called the ultimate fiscal cliff trade. find out which investment americans are pouring into. much more straight ahead. if you think...
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Dec 6, 2012
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we thought we'd have elections march/april, there's the prospect it could be a snap election much earlier perhaps in the new year. now the good news is there isn't a huge amount of blowout on the bonds at the short end of the italian markets. the yields are higher but not huge relative to where we've been but on the ten-year italian market you can see we're slightly higher but no great shakes overall. it means the rally in the peripheral bond market we've witnessed in italy and spain has now stalled at this stage. remember we had the auction in spain yesterday and the yields are slightly higher relative to where we've been, they're still relatively depressed. we talk about the problems in europe, i thought it was worth pointing out amidst all the malaise what is happening in germany today an astounding manufacturing german manufacturing orders result from germany up 3.9% in october, a phenomenal performance from german industry and it's worth bearing in mind that german industry is basically in a single currency that is too low arguably for what it should be at. the deutsche mark would ha
we thought we'd have elections march/april, there's the prospect it could be a snap election much earlier perhaps in the new year. now the good news is there isn't a huge amount of blowout on the bonds at the short end of the italian markets. the yields are higher but not huge relative to where we've been but on the ten-year italian market you can see we're slightly higher but no great shakes overall. it means the rally in the peripheral bond market we've witnessed in italy and spain has now...
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Dec 10, 2012
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after the election, the risk that the market basically these two portfolios are traching each other are perfect mirror images here. they were betting at this point we were going to go over the cliff. in other words the -- over the cliff portfolio was the outperformer until today. they have crossed. so now it's gone lower. we hit the cliff and avoid it is going higher at this point. two things to watch for this week. we got all that treasury paper coming to market here. the yield has moved higher. but we'll see what happens there. then the other thing is natural gas at a two-month low and moving lower because of all the warm weather in the markets now. nat gas subpoena in fact we come off this low here. with the market up 20 points here, what do you make of this -- of our model portfolio fiscal cliff portfolios? >> i was very surprised that it crossed today. i mean, with very little activity, very little movement on pretty much any stock that it crossed today. i was surprised with that. i'm becoming a little more convinced that we're not going to have any resolution at all. i thought the
after the election, the risk that the market basically these two portfolios are traching each other are perfect mirror images here. they were betting at this point we were going to go over the cliff. in other words the -- over the cliff portfolio was the outperformer until today. they have crossed. so now it's gone lower. we hit the cliff and avoid it is going higher at this point. two things to watch for this week. we got all that treasury paper coming to market here. the yield has moved...
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they have an election every two years and they got elected again and they've got constituents that sent them there for a reason. and then you've got the president would is just -- you know, just being hammered by the left on not caving this time around because he got so much grief the last time. this is setting up for us to go over the cliff, isn't it? what do you think? do we go over it or not? >> yeah, it is very difficult. and i feel bad for john boehner. he's in a difficult situation. i did want to remind john that he should look at the young, newer members that are so difficult to persuade to make an easy deal compromise. and remember, it wasn't too many years ago, john, that was you and me and we were driving bob michael and president bush nuts when the democrats were offering them, give us the tax increases now, we'll give you the spending cuts later and we were saying, oh, no, they'll never keep their word on the spending cuts. they'll tax the tax increases. quite frankly, the speaker has a difficult role to play here. he's seen by so many people as the principal guardian of our
they have an election every two years and they got elected again and they've got constituents that sent them there for a reason. and then you've got the president would is just -- you know, just being hammered by the left on not caving this time around because he got so much grief the last time. this is setting up for us to go over the cliff, isn't it? what do you think? do we go over it or not? >> yeah, it is very difficult. and i feel bad for john boehner. he's in a difficult situation....
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i doubt our elected officials would be brazen enough to leave washington without an agreement? this is my hunch. if, and that is an if we are going to see a deal, i suspect it'll come in the next two weeks. if we know anything about d.c. lawmakers, their time off may be more of a sacred cow than the belief on tax and spending. if i'm right, it's too bad that their own self-interests motivate them more. >>> before we look the a the day on wall street. and it was a quiet day. at the end of the day, we did see the markets get a good lift up about 40 points on the industrial average. nasdaq composite picked up 15 1/2 points. and the s&p tonight gain of 4.5% points, check out apple today, we did see a bit of a rebound after the big selloff yesterday. apple continues to trade higher in realtime, up 1.5% on apple at
i doubt our elected officials would be brazen enough to leave washington without an agreement? this is my hunch. if, and that is an if we are going to see a deal, i suspect it'll come in the next two weeks. if we know anything about d.c. lawmakers, their time off may be more of a sacred cow than the belief on tax and spending. if i'm right, it's too bad that their own self-interests motivate them more. >>> before we look the a the day on wall street. and it was a quiet day. at the end...
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Dec 7, 2012
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sandy, the election, holiday workers. you say three asterisks. >> yeah, i think it has to have three asterisks, it doesn't fit in with initial claims and other items. they said sandy had no impact on the number. i think that may be because the number was basically taken before the impact was held. i think they're going to see a lot of revisions here. >> next week setting up. it's going to be another big one. same store sales from various companies and, of course, the fed. >> the fed is important. it's another one of those two-day meetings. they're going to take down operation twist. this will be important because he gets to announce at a press conference. that gives them a chance to explain what the mood of the meeting was. it will give them a chance to hear what the new proposal, qe whatever, is supposed to do and how they want to set it up. so i think the markets will hone in on that very, very carefully. >> do you think we see an acceleration of purchases, a revamp of twists? will there be an event as i said earlier? >
sandy, the election, holiday workers. you say three asterisks. >> yeah, i think it has to have three asterisks, it doesn't fit in with initial claims and other items. they said sandy had no impact on the number. i think that may be because the number was basically taken before the impact was held. i think they're going to see a lot of revisions here. >> next week setting up. it's going to be another big one. same store sales from various companies and, of course, the fed. >>...
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he wasn't happy with the 2012 elections. do you think conservatism just didn't make the case in the elections last november? >> we always have to do a better job at how we speak about liberty, the constitution and how inclusive it is and how it offers things to people who have not yet experienced the fruits of liberty. so i think we can always do a better job. what i will say about jim demint is he has started and brought some liberty-minded libertarian/conservatives to the senate. we have a pretty good caucus now. there's a real strong jim demint influence in our caucus. >> great stuff. senator rand paul, kentucky, thank you sir. all the best. >> thank you. >>> so besides praising jim demint, senator rand paul said something very interesting. he said he will not vote for a filibuster. he said, let larry reid, no filibust filibuster, 51 vote, simple majority and then he will vote no and let the democrats have the onus of the big tax hike. quite interesting. now here's a political threat. is the republicans at risk of becomin
he wasn't happy with the 2012 elections. do you think conservatism just didn't make the case in the elections last november? >> we always have to do a better job at how we speak about liberty, the constitution and how inclusive it is and how it offers things to people who have not yet experienced the fruits of liberty. so i think we can always do a better job. what i will say about jim demint is he has started and brought some liberty-minded libertarian/conservatives to the senate. we...
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we thought it would be weak during an election year. there's a whole body of academic evidence that public policy certainly does impair it. but we were stunned as early as the first quarter of this year to see the tech sector, ibm, talking about flat revenue growth in the u.s., and there we think there's a level of cap-ex that has just been foregone because of this public policy uncertainty that, even in a semistable environment, it should rebound a bit. and that could be a big driver for profit growth in '14. >> you point out that your sector positioning, you say it's cautious, but you are upping technology to overweight. underweighting domestic cyclical. if cap-ex is a phenomenon next year why would you not be more highly leveraged to that? >> well, we think that first of all, the numbers, and the valuations, look fully played out. we think they still have housing market euphoria. and, have looked at things like consumer confidence going up, at least until friday, as a result of house prices stabilizing. for us, that's the reason why
we thought it would be weak during an election year. there's a whole body of academic evidence that public policy certainly does impair it. but we were stunned as early as the first quarter of this year to see the tech sector, ibm, talking about flat revenue growth in the u.s., and there we think there's a level of cap-ex that has just been foregone because of this public policy uncertainty that, even in a semistable environment, it should rebound a bit. and that could be a big driver for...
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he's had ever since september of 2011 when the grand bargain talks broke out -- broke down and post-election he's made clear this is going to remain an element of his strategy, is campaigning with the public. he made that trip to pennsylvania last week. he's trying to use the public, which polls show agrees with him on some of the key questions like top rate, to put pressure on the congress to move. we'll see how effective that can be. certainly it hasn't been effecti effective heretofore but it is possible it could and the president believes having won the election he's on the high side. >> 2:00 on twitter. john, thanks very much. >>> one of the overhangs for the fiscal cliff for investors is what will happen on dividend tax rates. more and more corporations aren't waiting to find out exactly what happens with more than $22.5 billion worth of special difficult sends having been announced from 98 companies in the fourth quarter so far. today, hca, dish network, cato joining the list. jim iuorio is a cnbc contributor. >> i've been looking at this from every ang toll fiangle to find a tradable
he's had ever since september of 2011 when the grand bargain talks broke out -- broke down and post-election he's made clear this is going to remain an element of his strategy, is campaigning with the public. he made that trip to pennsylvania last week. he's trying to use the public, which polls show agrees with him on some of the key questions like top rate, to put pressure on the congress to move. we'll see how effective that can be. certainly it hasn't been effecti effective heretofore but...
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i think we still need to get through the election or the post election haze. i would say that -- to everybody, listen, we're no longer running for office here. this is about getting back down to brass tacks and figuring out how to solve it. >> which side is not campaigning anymore? >> you've got to listen to who's not talking. i think that's -- in washington, it's always who's not talking. >> we haven't really heard much from senate leadership. >> so that's where our deal gets carved out? >> well, when you start to hear some things from the senate leadership, then you'll know we're getting close to getting something done. and right now they're sending out minions and talking about things that i think are really, you know, staking out claims so they can say they've done that for their constituencies. but it's time right now for the moderates on both sides to step up. for those that are not necessarily at risk of losing elections in the near term to step up and say, listen, just like the leaders said earlier in the program. this is a math problem. it's really no
i think we still need to get through the election or the post election haze. i would say that -- to everybody, listen, we're no longer running for office here. this is about getting back down to brass tacks and figuring out how to solve it. >> which side is not campaigning anymore? >> you've got to listen to who's not talking. i think that's -- in washington, it's always who's not talking. >> we haven't really heard much from senate leadership. >> so that's where our...
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. >> i was so hopeful, i wasn't obviously thrilled with the election results, but i actually thought that result might be the result we needed to get thefshs done. >> in a way you you have the situation where -- >> you extend 98 but not the 2? believing that story is so -- >> either raise them on everyone or raise them on -- either it will hurt the economy if you raise taxes or it's not. on 98 it won't hurt, on 2 it will -- >> we'll have more on this argument. in the meantime, let's talk about some of the other headlines. financial firms are gathering for the goldman sachs financial services contractors. a key presenter is brian money tha moynihan. we talked about his reports of planned fee increases. plus there was the issue of president obama's likely pick to follow tim geithner at treasury. we talked about how buffett threw out jamie dimon's name. here is what moynihan thinks about that idea. >> i won't give individual names, but i think what warren is expressing a view which i agree with is that we need to have very bright, very talented and very broad experienced people help pus
. >> i was so hopeful, i wasn't obviously thrilled with the election results, but i actually thought that result might be the result we needed to get thefshs done. >> in a way you you have the situation where -- >> you extend 98 but not the 2? believing that story is so -- >> either raise them on everyone or raise them on -- either it will hurt the economy if you raise taxes or it's not. on 98 it won't hurt, on 2 it will -- >> we'll have more on this argument. in...
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>> you would have to elect romney to do that. you're not going to extend the bush tax cuts for the high end. >> for another minute. >> not even for a milliseconmil. >> the republicans want to bargain away and let taxes go up by the end of the year and have the big negotiations occur next year when the president will want even more increases in taxes. >> let me ask a different question and it's sort of the -- >> and then we got to go. >> here's the opportunity for the president to eclipse the whole thing, i don't think he's going to but he could eclipse the whole scene. let's not relitigate '01 and '03 let's bridge to tax reform and move forward. the senate democrats not answering their phones are the ones to ask about this one. >> congressman, thank you for being on. >>> the final countdown to the jobs report. stick around. ♪ ♪ mom? dad? guys? [ engine turns over ] [ engine revs ] ♪ he'll be fine. [ male announcer ] more people are leaving bmw, mercedes and lexus for audi than ever before. take advantage of exceptional valu
>> you would have to elect romney to do that. you're not going to extend the bush tax cuts for the high end. >> for another minute. >> not even for a milliseconmil. >> the republicans want to bargain away and let taxes go up by the end of the year and have the big negotiations occur next year when the president will want even more increases in taxes. >> let me ask a different question and it's sort of the -- >> and then we got to go. >> here's the...
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i think businesses are holding back partly because of the election, which is now passed obviously. and the fiscal cliff. i still believe that we're going to end up kicking the can down the road. i think there's lots of pent-up demand in the economy so we're not going to go into a recession. in fact, i think next year we could see some acceleration. one of the key ways to see this is just to look at auto sales for november. they surged to 15.5 million. every time we have a dip in demand because of sandy or something else, we come back. this economy is super resilient and i think we'll be able to go over the cliff or go through the cliff without having a recession. >> i hope you're right. my concern is that you are absolutely wrong. actually the economy is slowing to stall speed and markets could correct badly on the news moving forward. we learned this week that manufacturing contracted in november for the first time in three months. we had analysts on the program talking about the channel checks indicating softness for a second month and today goldman has downgraded growth in the f
i think businesses are holding back partly because of the election, which is now passed obviously. and the fiscal cliff. i still believe that we're going to end up kicking the can down the road. i think there's lots of pent-up demand in the economy so we're not going to go into a recession. in fact, i think next year we could see some acceleration. one of the key ways to see this is just to look at auto sales for november. they surged to 15.5 million. every time we have a dip in demand because...
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doing precisely that. >> got through the election on social issues. on the economy, i think it's pretty clear that nobody voted for four more years of the current economy. four more years to get his house in order and he's not going to get his house in order using the red herring of taxes when it's entitlemen entitlements. it just isn't going to work, simon. >> i get it. i'm just pointing out -- >> you know what, let's take jobless claims. >> i get it. >> over the last three days, jobless claims to sustain that renewal again which i think is a bad idea, that's 30 to $35 billion a year. i heard many democrats say that's a small amount, why shouldn't we do that? that's about halfway to the total amount they're talking about taxes. but whent's that, it's small. but when it's the 70 to $80 billion am toortized over ten years, all of a sudden it's big. i'm not saying don't raise taxes. if i signed the pledge, i would do it for good reasons. i haven't seen a good reason. i haven't seen a plan that promotes the big guy in the room. >> see you in the next hou
doing precisely that. >> got through the election on social issues. on the economy, i think it's pretty clear that nobody voted for four more years of the current economy. four more years to get his house in order and he's not going to get his house in order using the red herring of taxes when it's entitlemen entitlements. it just isn't going to work, simon. >> i get it. i'm just pointing out -- >> you know what, let's take jobless claims. >> i get it. >> over the...
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>> the president himself kourg the election said 2 1/2 to one. now his proposal last week has $1.6 trillion in tax increases, $400 billion in spending cuts and another $200 billion in spending, plus an unlimited ability to borrow and raise the debt limit >> you'd be okay with 2 1/2 to 1? >> the bowles-simpson was about 3 to 1. frankly i don't think it's a revenue problem. i don't want to go over revenues. but you know, if we could get a deal that would put the country on a sound fiscal footing and change this trajectory that we're on, there perhaps could be some republican support for it. i'm not sure where i would come in. >> the -- part of the cliff that bothers you the most is that you'd like to do something with the sequester? or, if we were to sunset all the bush tax cuts? that would -- >> that would go -- republicans want to get rid of the deficit. that almost cures the deficit. and that was the rates that we had at one point. and they were supposed to sunset. and i guess there's never a good time. but what if they all sunsetted and you did
>> the president himself kourg the election said 2 1/2 to one. now his proposal last week has $1.6 trillion in tax increases, $400 billion in spending cuts and another $200 billion in spending, plus an unlimited ability to borrow and raise the debt limit >> you'd be okay with 2 1/2 to 1? >> the bowles-simpson was about 3 to 1. frankly i don't think it's a revenue problem. i don't want to go over revenues. but you know, if we could get a deal that would put the country on a...
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i mean i won the election. i had the leverage. why give in? well, simply put, i felt sorry for this man. earlier this week i found my way into the congressional cafeteria, and what i do see? john boehner sitting by himself. all alone. not a single member of his party wanted to share his company. he didn't even have any milk to drink because, well, tell them why, john. >> they had taken my milk and thrown it in the garbage. >> these are supposed to be his friends. his colleagues. but even at the hint that the taxes might be raised on his leadership watch, they turn on him. tell them what you found in your office desk. >> oh, i don't -- >> no, no. go ahead. hey, tell them what your so-called friends put in your office desk. >> it was a rubber snake. >> a rubber snake. and did it scare you? >> it did. >> i was so heartbroken to hear this, i said, look. how about this, john, if you agree to a 1% raise on the top two americans, just two people, i will resolve social security. resolve it. so we took it to the republicans and congress and what do the
i mean i won the election. i had the leverage. why give in? well, simply put, i felt sorry for this man. earlier this week i found my way into the congressional cafeteria, and what i do see? john boehner sitting by himself. all alone. not a single member of his party wanted to share his company. he didn't even have any milk to drink because, well, tell them why, john. >> they had taken my milk and thrown it in the garbage. >> these are supposed to be his friends. his colleagues. but...
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what did you make of the election battle. it was pretty bruising and pretty nasty. they don't seem to have learned very much on either side how to get stuff done for america. >> there's countless people who have said the gop's casting department has to be fired an restaffed because this was a race that was theirs for the taking. they really, really could have brought him down. i think the vice presidential choice was critical. i think if you had romney who was plenty conservative for most people i know, maybe not for people in red state, christian conservatives. needed to put a woman on the ticket. >> i was amazed he didn't go from the over demographics. he had marco rubio on condoleezza rice if they had done it. >> if he had gone for meg wh whitman. he might have won. if he took a serious woman as opposed to palin in 2008. >> on obama, he fought a campaign that was pretty skillful on the ground where it mattered in the swing states. probably why he won. by any kind of criminal just you say he didn't live up to the promise he gave four years ago. what do you want hi
what did you make of the election battle. it was pretty bruising and pretty nasty. they don't seem to have learned very much on either side how to get stuff done for america. >> there's countless people who have said the gop's casting department has to be fired an restaffed because this was a race that was theirs for the taking. they really, really could have brought him down. i think the vice presidential choice was critical. i think if you had romney who was plenty conservative for most...
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end the election stuff with these. mitt romney since the election. and they're all -- >> shopping? >> him add mcdonald's. >> okay. >> you like this here? that's him in the store, the supermarket. cvs. gets some supplies. that's him in the kitchen. that's him gassing up at the station. i mean, kind of -- sad, lonely figure. >> kicking back. enjoying himself. >> good the see him back in normal life? good for any politician? >> i would imagine that the period, the grieving period and the acceptance period for when it doesn't go your way, especially when there was every inclination it would go his way and remember what a long torturous, tedious primary period. about 175 republican debates before the general election. he was wiped out before the finals. >> what i find disgusting is i like mitt romney. and his wife and kids. they're nice people. and the way they've all been chucked under the bus by the other republicans, one by one, racing to distance themselves, i don't like that. it's just disloyal to me. >> i think that romney was someone who -- i mean, listen. i'm glad the way everyt
end the election stuff with these. mitt romney since the election. and they're all -- >> shopping? >> him add mcdonald's. >> okay. >> you like this here? that's him in the store, the supermarket. cvs. gets some supplies. that's him in the kitchen. that's him gassing up at the station. i mean, kind of -- sad, lonely figure. >> kicking back. enjoying himself. >> good the see him back in normal life? good for any politician? >> i would imagine that the...
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house chief of staff on how to stay off the fiscal cliff and what the party should learn from the last election. >>> next, when the u.s. aimed high in the 1960s, we sent a man to the moon w the same effort, we can now cure cancer, that's what the head of the largest cancer center in the word, m.d. anderson says. >>> and america has lost it's number one standing in lotts of areas, from competitiveness to education, the new number one in most cases a scandinavian country, what is the credit sauce? we'll dig into it. but first here's my take. as we debate whether the two parties can ever come together and get things done, here is something president obama could do probably by himself that would be a single accomplishment of his presidency, end the war on terror. for the first time since 9/11, an administration official has raised this prospect. said in a speech to the oxford union last week, that as the battle against al qaeda continues, there will be come a tipping point as so many of the leaders and operatives of al qaeda have killed or captures such as al qaeda as we know it has been effectivel
house chief of staff on how to stay off the fiscal cliff and what the party should learn from the last election. >>> next, when the u.s. aimed high in the 1960s, we sent a man to the moon w the same effort, we can now cure cancer, that's what the head of the largest cancer center in the word, m.d. anderson says. >>> and america has lost it's number one standing in lotts of areas, from competitiveness to education, the new number one in most cases a scandinavian country, what...
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>> i thought the election was going to be closer than it ended up being. i thought looking at it from the outside that the republicans had a decent chance of winning. i think the two most important things that happen thad defeated that were the very divisive primary we had to endure before with 22 debates and a period between the end of the primary season and the beginning of the general election where the democrats were able to paint governor romney as something that he really isn't in my view and the republicans' side of the screen were silent because they had to wait till they got their general election money. and then the ground game. i think the democratic campaign had a probably very far superior campaign to the ground campaign. there's something that this election campaign tells us that needs to be done for my party, for us as a party. i think it's really important that we be seen to be the party of hope, optimism, and opportunity. that's what ronald reagan taught us, instead of gloom and doom. we need to be positive. we need to appeal to those vote
>> i thought the election was going to be closer than it ended up being. i thought looking at it from the outside that the republicans had a decent chance of winning. i think the two most important things that happen thad defeated that were the very divisive primary we had to endure before with 22 debates and a period between the end of the primary season and the beginning of the general election where the democrats were able to paint governor romney as something that he really isn't in...
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two days after the election, boehner came up with a tax revenue plan. very controversial in his party. he said, let's cap deductions and loopholes and leave the race alone because that help growth. that was $800 billion. it shocked a lot of republicans. and he got nothing. he got, you know, nothing from obama. and i think that started the bad blood. and i think the president -- >> good point. they both got to learn the art of negotiation. >> we haven't heard from democrats in the senate. i'm going to guarantee you that the democrats in the senate are going to be split on this business of who's rich and what the right tax rates are going to be. >> i have to leave it there, chaps. nick, larry, thank you both much, indeed. >>> coming up next, kerry kennedy joins me about fame, politics and most important of all, taylor swift.ta alka-seltzs cold & cough... [ buzz! ] take dayquil. use nyquil d... [ ding! ] ...and get longer nighttime cough relief. use tylenol cold multisymptom nighttime... [ coughs ] [ buzz! ] [ screams ] ...and you could find yourself... ho
two days after the election, boehner came up with a tax revenue plan. very controversial in his party. he said, let's cap deductions and loopholes and leave the race alone because that help growth. that was $800 billion. it shocked a lot of republicans. and he got nothing. he got, you know, nothing from obama. and i think that started the bad blood. and i think the president -- >> good point. they both got to learn the art of negotiation. >> we haven't heard from democrats in the...
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>> that's right and i also feel that president obama was re-elected for a reason. an most of the people in this country go along with his idea that the wealthy need to pay their fair share. i think that it would be totally irresponsible on his part and the republicans if they don't come to a decision on this before the first of the year, and get something ironed out -- >> so, richard, what do you think? should we go off the cliff? should we just see where the chips fall? >> no, i do not agree with going off the cliff. we should come to something, some type of an agreement here. but the wealthy should pay their fair share. i do believe in that. >> mayor hall, your town relies on federal funds to keep your water drinkable at the local treatment plant. so how would going off the cliff affect your city budget? >> well, you know, any time that you're dealing with funds that the tax payers money is involve in, you've got to look at the checks and balances and if they cut spending, there is a possibility that that will be cut and our resources will go down the drain liter
>> that's right and i also feel that president obama was re-elected for a reason. an most of the people in this country go along with his idea that the wealthy need to pay their fair share. i think that it would be totally irresponsible on his part and the republicans if they don't come to a decision on this before the first of the year, and get something ironed out -- >> so, richard, what do you think? should we go off the cliff? should we just see where the chips fall? >>...
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there would be an election. he said last night in no uncertain person that person would be nick lal holas. >> all right, patrick ottmann, thank you. appreciate it. live from havana. >>> shifting gears. dallas cowboy linebacker jerry brown has been killed in car accident. he was in a car driven by brent. this comes as we get surveillance video of kansas city player jovan belcher. he made heldlines last beak after killing his girlfriend and then himself. i want to bring in joe carter. joe, let's bring in the dallas cowboys. what more do we know about the tragic accident? sniet obviously happened early saturday morning around 2:30 a.m. josh driving the vehicle. his teammate and roommate was in the passenger seat. he was traveling well above the posted speed limit, which was 45 miles an hour. it hit the curb, flipped over it its top and the police say it slid about 900 feet. they arrested 24-year-old josh brent. one count of intoxicated manslaughter and they obviously pronounced jerry brown jr. dead at the hospital
there would be an election. he said last night in no uncertain person that person would be nick lal holas. >> all right, patrick ottmann, thank you. appreciate it. live from havana. >>> shifting gears. dallas cowboy linebacker jerry brown has been killed in car accident. he was in a car driven by brent. this comes as we get surveillance video of kansas city player jovan belcher. he made heldlines last beak after killing his girlfriend and then himself. i want to bring in joe...
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you understand there was a huge gender gap for democrats in this last elections. republicans have to look at that and say, okay, we have to get something done. but let me add this. when peter hart actually laid out on the table here are the choices you have to make on spending and here are the choices you have to make on taxes, they had a little bit more difficult time in deciding what to do. so they began to realize the extent of the difficulty in cutting any real deal. >> yeah. not belittling the difficulty. these are tough, tough issues. but the stakes are really, really important right now. there is a little wiggle room. >> yeah. >> as far as the president and the democrats are concerned when it comes to raising tax rates for the wealthy. >> sure. the president's been very careful not to say we have to go up to the clinton-era 39.6%. he hasn't used that number. and so he's -- you know -- >> right now it's 35%. >> right now it's 35%. so if you look in the middle, okay, 37% is a real possibility. but here's the caveat. john boehner, the house speaker, cannot tak
you understand there was a huge gender gap for democrats in this last elections. republicans have to look at that and say, okay, we have to get something done. but let me add this. when peter hart actually laid out on the table here are the choices you have to make on spending and here are the choices you have to make on taxes, they had a little bit more difficult time in deciding what to do. so they began to realize the extent of the difficulty in cutting any real deal. >> yeah. not...
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that's the ticket for admission because the president won the election and campaigned on that. the democrats are going to have to agree. they'll use euphemisms, but agree to cutting medicare and medicaid. and by the way, that means cutting for seniors and poor people and special needs kids. that is not an easy thing to ask anybody to do, let alone the democratic party. which really created these programs. this is going to be awful and gruesome, but 70 for 60 in your poll, 60% of americans want to raise taxes on well off americans. 70% don't want to cut or 80, don't want to cut medicare or medicaid, so the hard stuff is coming. this is the easy stuff. we can't even get the republicans to agree to that. >> we're out of time guys, nice to talk to you as always. i appreciate it. >>> next, violent clashes along the turkey, syria border and a new heir to the british throne is on the way. our piers morgan will explain the fuss. that's coming up next. >>> we're back with tonight's designed for men's health concerns as we age. it has 7 antioxidants to support cell health. one a day men'
that's the ticket for admission because the president won the election and campaigned on that. the democrats are going to have to agree. they'll use euphemisms, but agree to cutting medicare and medicaid. and by the way, that means cutting for seniors and poor people and special needs kids. that is not an easy thing to ask anybody to do, let alone the democratic party. which really created these programs. this is going to be awful and gruesome, but 70 for 60 in your poll, 60% of americans want...
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the president was elected by all of the people in the country. we have 535 members of congress who were elected from all over the country. >> i think a lot of folks think he is now governing in -- or at least putting proposals out there like 100% of the vote -- >> let's remember how this started. congress created this so-called cliff. they decided there would be a date certain where everything would unravel. it wasn't the president that did it, and now he has laid something on the table. it's time for congress to act. to say that their feelings are hurt, you know, put on the big boy pants for girls and boys and let's get this job done. >> you know, there's been a lot of talk around this town about the movie "lincoln." in that movie lincoln in the service of a big idea expended enormous political personal capital and negotiated a deal. what we have here is a president in the service of a small idea, taxing the wealthy, who has put forward no personal political capital to actually get a deal done with these guys. you have senator warner on earlier
the president was elected by all of the people in the country. we have 535 members of congress who were elected from all over the country. >> i think a lot of folks think he is now governing in -- or at least putting proposals out there like 100% of the vote -- >> let's remember how this started. congress created this so-called cliff. they decided there would be a date certain where everything would unravel. it wasn't the president that did it, and now he has laid something on the...
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remember on election night when president obama was reelected they told a story of his re-election. they went around the world to people reacting to it. rachel maddow went into this president obama. carl rove lost his mind. this was a smnapshot. i think he lost his mind. this is a snapshot. this is what jeff will preserve. >> america cares. people care. they care ware their country is going and the friends and neighbors and kids around them. there's lots to do here. >> the consensus is that cnn need a voice and zucker will help provide it. when we come back, the susan rice side. are the u.n. ambassador and her critics getting fair coverage? . you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, andtill pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. thor's couture gets the most rewards of any small business credit card. your boa! [ garth ] thor's small business earns double miles
remember on election night when president obama was reelected they told a story of his re-election. they went around the world to people reacting to it. rachel maddow went into this president obama. carl rove lost his mind. this was a smnapshot. i think he lost his mind. this is a snapshot. this is what jeff will preserve. >> america cares. people care. they care ware their country is going and the friends and neighbors and kids around them. there's lots to do here. >> the consensus...
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we talked about the presidential election. what caught my fancy is congressman ryan and senator rubio will be at the jack camp center as guests. i believe rubio or ryan is receiving an award. just 2016 came to mind fp fp you're looking at which ever one catches your fancy, the democratic landscape or the republican landscape for 2016, these are pretty prominent names. >> i think they're both top contenders on the republican side. paul ryan is the defacto leader. he's supposed to be very influential though he's hiding from the press which is interesting. we know that marco rubio is running. will ryan support it. will he gets blamed if he does by the purist in the party. will marco rubio turn immigration around which is very risky with the base. >> it's interesting where the republicans have now suffered a loss. clearly mitt romney is not going to be be party leader. they don't actually have one and you watch the wilderness fight for a while. >> candy, i hate to say this because i know we all want to play along with 2016. i thin
we talked about the presidential election. what caught my fancy is congressman ryan and senator rubio will be at the jack camp center as guests. i believe rubio or ryan is receiving an award. just 2016 came to mind fp fp you're looking at which ever one catches your fancy, the democratic landscape or the republican landscape for 2016, these are pretty prominent names. >> i think they're both top contenders on the republican side. paul ryan is the defacto leader. he's supposed to be very...
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in safe seats so the crucial election is not the general election, it's the primary election, and as we know in primaries, there's low participation which gives a hugely disproportionate power to the rigid extremes on both sides. that makes it very difficult. second is the overwhelming amount of money, of all of the judicial mistakes that have been made in history by supreme courts, few in my judgment will history record as being more unwise and wrong than the supreme court decision in the citizens united case, which took a situation already reeking with too much money and just poured tons of it, more into it. so for members now, it's just a mad money chase all the time, which i think is demeaning to everybody and very, very unfortunate. so it's a combination of factors. many others, but those are some of them. >> so look, you've helped negotiate peace in northern ireland. you worked on peace in the middle east. how does the problem here get fixed? >> well, i think in the end, in democracies it's fixed only by the people. the word democracy is a combination of two greek words, demos,
in safe seats so the crucial election is not the general election, it's the primary election, and as we know in primaries, there's low participation which gives a hugely disproportionate power to the rigid extremes on both sides. that makes it very difficult. second is the overwhelming amount of money, of all of the judicial mistakes that have been made in history by supreme courts, few in my judgment will history record as being more unwise and wrong than the supreme court decision in the...
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if you look back at the 2004 election, there was lots of debate about whether or not bush's re-election could be pinned on the fact that in many of these states, there were referendum on the ballot about things such as same sex marriage, that the social issues were being dredged up as sort of positive for the republicans. fast forward to this election and as we discussed on the show before, you have gay marriage, you have marijuana, you have these issues on which republicans, you know, not necessarily where the voters were this time around in many of these states that literally in just the last ten years alone, public opinion has shifted a lot. though it's important to remember that i don't think of this as as much of a partisan issue as it is generational. remember, it was just a few months ago that president obama was evolving on his position and you had dick cheney who was kind of to the left of him on gay marriage. so i don't view this as much as a partisan issue. i view this as generational and something that both parties, particularly the republican party, though, will be addressi
if you look back at the 2004 election, there was lots of debate about whether or not bush's re-election could be pinned on the fact that in many of these states, there were referendum on the ballot about things such as same sex marriage, that the social issues were being dredged up as sort of positive for the republicans. fast forward to this election and as we discussed on the show before, you have gay marriage, you have marijuana, you have these issues on which republicans, you know, not...
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. >> how much of this has been affected by the fact that for the first time in this last election you have people going to the polls and actually voting to allow same-sex marriage as opposed to it coming from judges or legislators? >> i don't think justices sort of said the polls did "x" so i will do "y." in 1986, louis powell, the swing justice of his day, they had the first real gay rights case, and he said to his law clerk, you know, as they were sort of weighing the case, you know, i've never met a gay person. i've never met a homosexual. what is that like? now, he didn't know that law clerk himself was homosexual, but that was what the world was like in 1986, that a worldly, intelligent man could have thought that he'd never met someone who was gay. now, even the conservatives on the court couldn't possibly express a sentiment like that. and that's just reflected in how the court acts. >> what do you think -- are is there any way to read the tea leaves on this? >> based on my experience in the health care case, i am going to not do a lot of predictions because, you know, wrong is
. >> how much of this has been affected by the fact that for the first time in this last election you have people going to the polls and actually voting to allow same-sex marriage as opposed to it coming from judges or legislators? >> i don't think justices sort of said the polls did "x" so i will do "y." in 1986, louis powell, the swing justice of his day, they had the first real gay rights case, and he said to his law clerk, you know, as they were sort of...
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there's an upcoming election. it's a short-term domestic tactic, wider damage is being done to relations with the u.s., eu and concept of a peace process, which is just a consent at the moment. >> it's true, michael. look, the reality that is benjamin netanyahu's current circumstances, his politics and his ideology all conspiracy to basically create this most recent move on settlement activity. not only conceptually go ahead with e-1, but to increase the number of units in settlements in the southern -- southeastern portion of jerusalem. i don't think he's going to go through with e-1, but he is going to go through with some of the new neighborhoods. i think there are over 2100 new units which would be 5% of all of the israeli units constructed in east jerusalem since 1967. so i think benjamin netanyahu worried about his right wing base in the wake of a cease-fire which he's being criticized from his right. in anticipation of upcoming elections does what he basically has done. he's committed to a unified jerusalem
there's an upcoming election. it's a short-term domestic tactic, wider damage is being done to relations with the u.s., eu and concept of a peace process, which is just a consent at the moment. >> it's true, michael. look, the reality that is benjamin netanyahu's current circumstances, his politics and his ideology all conspiracy to basically create this most recent move on settlement activity. not only conceptually go ahead with e-1, but to increase the number of units in settlements in...
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now they know the results of the election. but their positions sure haven't changed much. >> john, thanks very much. >>> a royal celebration tempered by a health scare. prince william's wife pregnant and now in the hospital. we'll have details of her condition. and when you switch from another company to us, we even reward you for the time you spent there. genius. yeah, genius. you guys must have your own loyalty program, right? well, we have something. show her, tom. huh? you should see november! oh, yeah? giving you more. now that's progressive. call or click today. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. trying to find a better job
now they know the results of the election. but their positions sure haven't changed much. >> john, thanks very much. >>> a royal celebration tempered by a health scare. prince william's wife pregnant and now in the hospital. we'll have details of her condition. and when you switch from another company to us, we even reward you for the time you spent there. genius. yeah, genius. you guys must have your own loyalty program, right? well, we have something. show her, tom. huh? you...
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the presidential election may be fading into the rearview mirror, but it feels a lot like campaign season. >> i'm already missing the time that i spent on the campaign visiting towns like this and talking to folks like you. >> we love you. >> i love you back. >> the president speaking at a cam tpaign style event in philadelphia, pushing to avert the fiscal cliff. house republicans hours before the president's trip push back against mr. obama's plans in their own campaign style video. >> this notion of $250,000 being top 2% or the wealthy people in america ignores the way most small businesses work in america. >> this political fight is over policy, but if you weren't paying attention, you'd swear the presidential election was still going on. while the fiscal cliff battle plays out, campaign politics marches on. >> i want to help create a better united states. >> we're less than a month removed from the 2012 election, but former south dakota governor mike rounds is already looking ahead to 2014, announcing a bid for the sfath. >> i'll be out visiting in a lot of communities around south da
the presidential election may be fading into the rearview mirror, but it feels a lot like campaign season. >> i'm already missing the time that i spent on the campaign visiting towns like this and talking to folks like you. >> we love you. >> i love you back. >> the president speaking at a cam tpaign style event in philadelphia, pushing to avert the fiscal cliff. house republicans hours before the president's trip push back against mr. obama's plans in their own campaign...
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and they were very instrumental in helping him get elected and re-elected. >> reporter: that's right. the election results tell the story. president obama won the union vote handily. nationwide, he won 58% of the union vote. compared to governor romney who got 40%. and unions also contributed heavily to donations and get out the vote efforts. $143 million they gave overall in the 2012 campaign to general candidates and elections in general. only 4% went to republicans. the rest went to democrats and outside spending groups. so you can see the impact they had across the board it and, wolf, while michigan wouldn't be the first state to pass right to work laws, in fact, 23 other states already have right to work laws. so tomorrow michigan could become the 24th state to have one. as the birthplace for the organized labor movement in the u.s., passage for this law in michigan would be a body blow to the labor movement in the u.s., wolf. >> certainly would be. thanks very much for that, jessica. >>> the president's due back here in washington just in a little while from michigan. his focus
and they were very instrumental in helping him get elected and re-elected. >> reporter: that's right. the election results tell the story. president obama won the union vote handily. nationwide, he won 58% of the union vote. compared to governor romney who got 40%. and unions also contributed heavily to donations and get out the vote efforts. $143 million they gave overall in the 2012 campaign to general candidates and elections in general. only 4% went to republicans. the rest went to...